Cohort PLC Contract announcement (9480P)
February 14 2019 - 1:00AM
UK Regulatory
TIDMCHRT
RNS Number : 9480P
Cohort PLC
14 February 2019
14 February 2019
Cohort plc
("Cohort" or "the Group")
Contract Announcement
MASS confirms contract signing for GBP50m UK Ministry of Defence
(MOD) contract
Cohort, the independent technology group, is pleased to announce
that its wholly-owned subsidiary, MASS Consultants Ltd ("MASS"),
has signed the contract for an eight-year contract valued at over
GBP50m, following our announcement in October that they were
selected as the preferred bidder.
Under the contract, MASS will provide in-service support for the
UK Ministry of Defence ("MOD"), including operational analysis
studies, IT infrastructure management, modelling and simulation and
software engineering. This is a continuation of work undertaken by
MASS since 2000. The contract is expected to run from April 2019
until March 2027 with a break point in March 2023. It also includes
four optional one-year extension periods that, if exercised, could
extend the contract until 2031.
Andy Thomis, Chief Executive of Cohort, said:
"I am delighted to confirm that we have now signed the contract
for this important project. This is a testament to both the quality
of our bid and the excellence of our performance over the last
eighteen years. To be selected as the provider of this important
national capability is a great vote of confidence in MASS and in
the Cohort Group. Together with other wins from across the group
confirmed at the end of 2018, this contract will enhance the
visibility of future Group revenue."
- Ends -
For further information, please contact:
Cohort plc 0118 909 0390
Andy Thomis, Chief Executive
Simon Walther, Finance Director
Investec Bank Plc 020 7597 5970
Keith Anderson / Daniel Adams
MHP Communications 020 3128 8771
Reg Hoare / Ollie Hoare / Luke
Briggs
NOTES TO EDITORS
Cohort plc (www.cohortplc.com) is the parent company of five
innovative, agile and responsive businesses based in the UK and
Portugal, providing a wide range of services and products for
domestic and export customers in defence and related markets.
Chess Technologies, through its operating businesses Chess
Dynamics and Vision4ce, offers systems and technologies for
detecting, tracking, classifying and disrupting naval, land and air
threats. It was acquired by Cohort plc in December 2018.
www.chess-dynamics.com & www.vision4ce.com
EID designs and manufactures advanced communications systems for
the defence and security markets. Cohort acquired a majority stake
in June 2016. www.eid.pt
MASS is a specialist defence and technology business, focused on
electronic warfare, information systems and cyber security.
Acquired by Cohort in August 2006. www.mass.co.uk
MCL - an expert in sourcing, design and integration of
communications and surveillance technology, as well as support and
training for UK end users including the MOD and other government
agencies. MCL has been part of the Group since July 2014.
www.marlboroughcomms.com
SEA is an advanced electronic systems and software house
operating in the defence, transport and offshore energy markets.
Acquired by Cohort in October 2007. www.sea.co.uk
Cohort (AIM: CHRT) was admitted to London's Alternative
Investment Market in March 2006. It has its headquarters in
Reading, Berkshire and employs in total around 950 core staff there
and at its other operating company sites across the UK and in
Portugal.
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END
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